Category Archives: Trade

UPDATE (3/15): Ukraine: Republicans Revert To The Neoconservative Mean

Bush, Europe, Free Markets, Iran, Iraq, Neoconservatism, Republicans, Trade, War

Conservatism has tragically and unforgivably reverted to the neoconservative mean. Just as in 2016, 14 years after the invasion of Iraq, rose a presidential candidate against Genghis Bush and that man’s destruction of Iraq—in ten years time, perhaps, the GOP will field a presidential candidate who’ll quit moralizing and demonizing; will strive fiercely to negotiate and accommodate, won’t alienate and sanction, and will trade, trade, trade.

But it might be too late by then for realpolitik.

The Republicans are pushing for war and that no-fly zone. They are admonishing Biden for his so-called weakness—for that is how they frame avoiding a nuclear war with Russia. The War Street Journal has only rebuke for Biden’s policy of “containment against Russia.” On Fox News it’s rah-rah for war (i. e., a no-fly zone over Ukraine) all day long. The female journos and pundits, especially, choose to use incendiary verbiage, pregnant with provocation, such as “a red line”; “this was a red line for Obama… will Biden consider it a red line.. blah-blah.”

Translated it’s, “Come on big boy; sock it to Putin.” War porn.

Rand Paul is no Ron Paul. But at least the senator from Kentucky has berated the forever-war, dastardly GOP for rejecting diplomacy with Iran, the mention of which has not even crossed their lips with respect to Russia.

UPDATE (3/15): War always brings the neoconservative to the fore. Victor Davis Hanson is one. A nice man, but never-the-less, a neoconservative, front-and-center in the enunciation of consummate neoconservative abominations known as “The Bush Doctrine,” which was responsible for the noxious bifurcation knows as, “If you are not with us, you are against us.”

The West has been caught sleeping and … an opportunistic dictator … saw a chance and … took it just like he did in 2014. 

Neocons love sanctions, which are as useless in achieving political ends as they are ruthless in their effects on the most vulnerable. As far as their ultimate outcome—embargoed are counterproductive. “Nicholas Mulder, assistant professor in the history department of Cornell University in New York, is the author of ‘The Economic Weapon: The Rise of Sanctions as a Tool of Modern War’ (2022)'”:

Sanctions alone have a poor record of halting military adventures. During the 20th century, only three out of 19 attempts to use sanctions as a policy to impede war have been successful: two of these were the work of the League of Nations. It nipped in the bud incipient border wars in the Balkans, between Yugoslavia and Albania in 1921 and between Greece and Bulgaria in 1925. The other successful use of sanctions was American financial pressure on sterling, which forced an end to Britain’s Egyptian military expedition in the Suez war of 1956.

Cuba: Commerce And Free Market Capitalism, Not Sanctions

Communism, Conservatism, Democracy, Foreign Policy, Free Markets, Political Philosophy, Republicans, Trade

Florida Republican congresswoman Maria Salazar shouts out her demands that the US take an active role in supporting anti-government protests in Cuba. This, as the Fox News lineup has been fulminating over the missed opportunities to do the same—meddle—with respect to Iran, and other countries that neoconservatives feel we should “help” be as “free” as we.

Showing comity to Cuba by allowing commerce with its people, as Barack Obama had dared to do—oh no! We can’t have that. That the Fox bots will not condone.

Trade and robust free exchange with Cuba is all I want to see. For the rest, let the Cubans fight their own battles.

Yes, “Cuba is in the midst of [the usual] economic crisis and has been hit hard by US sanctions and Covid.”  Allowing Americans to trade with Cubans is the best—perhaps the only—antidote to the problem that is Cuba.

From conservatives, let’s hear more about the glories of free-market capitalism, the suppression of which accounts for Cuba’s abject misery. US Government declarations “in support of the people,” whatever that means, are worth nothing.

Curious: Why does Rep. Salazar refer to the Cubans in her Florida district as exiles? Surely if they are now Americans they are home, and not in exile.

TRUMP Erected ‘Bureaucratic Wall That Expels Every Unauthorised Immigrant On The Southern Border’

Donald Trump, IMMIGRATION, Justice, Law, Left-Liberalism And Progressivisim, Political Economy, Politics, Populism, Trade

Unlike the American media, the British lefties are honest reporters. This is why the Economist’s litany of President Trump’s achievements, framed as failures, is most credible. Take it to the bank; it’s what Biden will attempt to reverse.

In “President Trump has had real achievements and a baleful effect,” the magazine writes:

… What is perhaps less appreciated is the degree to which it has succeeded. The “Muslim ban” issued in the first days of his presidency ran afoul of the courts and had to be reworked; the border wall Mr Trump promised has not been built, let alone paid for by Mexico. But eligibility criteria for asylum have been tightened, and asylum-seekers at the border must now wait in Mexico while decisions are made. “It may not be the physical wall that Trump initially touted, but there is now a bureaucratic wall that expels every unauthorised immigrant on the southern border,” says Sarah Pierce, an analyst at the Migration Policy Institute. In its revised form the Muslim ban remains in place, with little dissent.

Apprehensions at the border with Mexico have risen to their highest level in 12 years (see chart 1), and in 2019 there were 360,000 deportations. That was not a record—there were 432,000 in 2013—but it was more than there were in 2016, and the share of the deported who had no criminal records, 14% in 2016, had risen to 36%. The administration also increased the bureaucratic hurdles faced by those trying to immigrate legally. Applications for temporary visas and permanent-residency permits have both declined by 17% since 2016. The annual ceiling of refugee admissions has been slashed. The White House recently proposed just 15,000 admissions for 2021, compared with 85,000 admitted in 2016.

… Growth never quite reached the lustrous annual rate of 4% he promised, but it did do better than many had forecast, and his tax cut in 2017 turned out to be a well-timed fiscal stimulus. At the end of last year unemployment was at its lowest level for half a century. The wages of the less well paid were rising swiftly.

What was more, he had made good on other parts of his agenda. Trade deals he disliked had been abandoned or rewritten, tariffs had been slapped on countries accused of stealing jobs and immigration had fallen dramatically. He had appointed two conservative justices to the Supreme Court, a number which he has now brought up to three. …

…But on many issues he stood out as unorthodox, extreme or both—and in so doing captured voters’ imaginations in a way that his rivals did not. He pledged to deport all 11m undocumented immigrants in the country and build a wall on the border with Mexico. He derided the party’s foreign-policy and free-trade orthodoxies as failures, and held that trade deficits were purely a sign of weakness and poor negotiating—which, as the master of the deal, he could set right. He bashed Wall Street and was against making Social Security and Medicare, the pension and health-insurance programmes for the elderly, less generous. He mocked and disparaged not just his opponents, but also revered Republicans such as the late Senator John McCain (a “loser”).

…Mr Trump’s judicial appointments, too, were those that any other Republican might have made, given the chance. That he got that chance was thanks to Mitch McConnell, the Senate majority leader, who held up the confirmation of a number of Barack Obama’s judicial nominations—most notably that of Merrick Garland for the Supreme Court in March 2016. The resultant backlog allowed Mr Trump to follow the recommendations of the Federalist Society, a fraternity of conservative jurists, in appointing about 30% of the federal judiciary. Sandra Day O’Connor, Antonin Scalia and Anthony Kennedy—the three justices whom it took Reagan two terms to put on the bench—shaped the court’s rulings for decades. It is likely that Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett will do so too. …

… On the signature issues which set the Trump campaign apart from the Republican establishment, the successes look more vulnerable to revocation. Take immigration. Xenophobia was the raison d’être for his campaign in 2016, which he launched with a speech warning that Mexico was sending rapists and drug-dealers across the border; later on, Mr Trump called for a “total and complete shutdown of Muslims entering the United States”. His administration’s aggressive restriction of migration was therefore no surprise, even if the shock of seeing children alone in detention camps because of a policy of family separation caused an outcry

MORE: President Trump has had real achievements and a baleful effect.”

UPDATED (12/11/020): Home Is Where You Ship Your Masks To: Chinese Multinationals Ship Supplies To The Mother Ship

Business, China, Economy, Globalism, Nationalism, Nationhood, Trade

Liberals think you can easily compel a production line into existence (by using the Defense Production Act, for example). However, to get a production line going is difficult: it’s expensive and time consuming. You might have the design on paper, but you lack the hardware, the tools, the components, and material.

The Economist (4/11/2020):

… the manufacture of masks .. might look simple, but producers need sterile factories and sophisticated machinery to churn out melt-blown fabric. Upfront costs would be hard to justify if the virus were quickly snuffed out. So in January, the early phase of the outbreak, Chinese firms began by scouring the world for masks rather than by making more of their own. It took government action to change that. Officials offered subsidies to firms producing safety gear: promising not outsized gains but an avoidance of losses. China went from making 20m masks per day before the crisis—half the world’s output—to nearly 120m by the end of February.

The Chinese, unlike the American government, took care of business. True: WuFlu originated in China, in the city of Wuhan, in particular. So the Chinese knew in advance they had a bad one on their hands, well before our buffoons awoke to the reality of corona virus.

But it’s not like the US government ever puts its own first, urgently. The Chinese, however, look after their own. Ostensibly international, Chinese companies operating in Australia—Risland and the Greenland Group, in particular—began vacuuming up tons of medical materials, in the host country and beyond, between January 24 and February 29, in order to send back to the Mother Ship, China.

Via the Daily Mail:

China imported more than two billion masks and 25 million pieces of protective clothing from overseas before the coronavirus outbreak reached pandemic levels, it has been revealed.

On Thursday a Chinese government report emerged detailing its foreign trade for the first two months of the year, when the country was at the peak of its virus crisis.

As COVID-19 infections began to spread across the globe in January and February, China saw a ‘rapid growth in imports of commodities and key consumer goods’.

More than 2.46billion pieces of medical materials, including masks and protective equipment, were inspected by National Customs in China between January 24 and February 29, according to the report. …

It comes days after Chinese organisations operating in Australia were reported to have sent bulk medical supplies to China at the height of the crisis.

Chinese-owned property developer Risland Australia was reported to have flown 80 tonnes of medical supplies on a corporate jet to Wuhan in late February.

Video footage emerged showing boxes of surgical masks stacked up at Perth airport before being sent to Wuhan on February 8 – when there were 15 cases of coronavirus in Australia.

Another Chinese property company, Greenland Group, retasked its employees to purchase face masks, hand sanitisers, antibacterial wipes, thermometers, Panadol and other medical items in bulk for shipment to China.

Greenland bought up three million surgical masks, 500,000 pairs of gloves and bulk supplies of sanitiser and antibacterial wipes in Australia and other countries where the company operates.

The goods were hoarded at Greenland’s Sydney headquarters and were sent to China in January and February.

The upshot? The host country, Australia, suffered severe shortages:

… Video footage emerged showing boxes of surgical masks stacked up at Perth airport before being sent to Wuhan on February 8 – when there were 15 cases of coronavirus in Australia.

Another Chinese property company, Greenland Group, retasked its employees to purchase face masks, hand sanitisers, antibacterial wipes, thermometers, Panadol and other medical items in bulk for shipment to China.

Greenland bought up three million surgical masks, 500,000 pairs of gloves and bulk supplies of sanitiser and antibacterial wipes in Australia and other countries where the company operates.

The goods were hoarded at Greenland’s Sydney headquarters and were sent to China in January and February.

MORE.

*Image courtesy Daily Mail.

UPDATE (12/11/020):

“Wall Street can’t fix Trump”: So says a Chinese analyst, DIDONSHENG, speaking to a crowd of super-patriotic Chinese, laughing at Americans and their traitor representatives. The fix is in, BUT, China’s penetration ran into a wall with Trump.

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